Itronics Provides May Activity Update
May 19 2010 - 9:10AM
Marketwired
Itronics Inc. (PINKSHEETS: ITRO) (FRANKFURT: ITG) (BERLIN: ITG)
today updated 2010 sales progress, saying, "the Company is
benefiting from strong market demand for fertilizer and silver, and
growing worldwide demand for hard mineral and gold properties." Dr.
John Whitney, Itronics President, said, "Silver prices have
strengthened with silver now trading in the $19 per ounce range.
With our Stage 1 silver refinery expansion under way and increased
output expected in the second half of the year, Itronics silver
sales will benefit from increased production, improved efficiency,
and these strong prices.
With variable weather and continuing rains in our major central
California market, the spring fertilizer season started later than
usual. As a result, March GOLD'n 'GRO fertilizer sales were 40
percent greater than 2009, April sales were down slightly from
April 2009, while May sales are expected to be up strongly. The
weather continues to affect sales, with Reno, Nevada, still
receiving late spring snow and California receiving more and later
rain than usual. GOLD'n GRO fertilizer sales through the Company's
distributor have been growing each year. Even with the unusual
weather this year, the distributor sales base is expanding and
forecasted growth is on track.
Work on the Stage 1 silver refinery expansion is on-going. The
Company has been conducting small scale batch testing to develop
additional information for actual operating requirements. This work
has produced significant changes to the flow sheet that are
expected to greatly simplify the operation and reduce the
operational costs thereby significantly improving the project
economics. Preparations for larger scale operational testing are
continuing.
The claim staking project for Auric Gold & Minerals has been
resumed. The Company has been receiving expressions of interest
from potential investors which bodes well for the project as it
develops. More information on the project will be provided at a
later date.
About Itronics Headquartered in Reno,
Nevada, Itronics is a Cleantech Specialty Fertilizer and Silver
Company that produces the Award Winning GOLD'n GRO liquid
fertilizers and pure silver bullion. Itronics, through its
subsidiary, Itronics Metallurgical, Inc., is the only company with
a fully permitted "Beneficial Use photochemical, Silver, and Water
Recycling" plant in the United States that converts spent
photoliquids into pure silver and GOLD'n GRO liquid fertilizers.
The Company is developing environmentally compatible mining
technology, provides project planning and technical services to the
gold mining industry, and operates the popular InsideMetals.com web
site, http://www.insidemetals.com, which provides a value-added
WORLD VIEW of Gold Producer Stocks, Mineral Producer Stocks, Junior
Gold Stocks, and Junior Mineral Stocks.
Itronics has received numerous domestic and international awards
that recognize its ability to successfully create and implement new
environmentally clean recycling and fertilizer technologies.
The Company's environmentally friendly GOLD'n GRO liquid
fertilizers, which are extensively used in agriculture, can be used
for lawns and houseplants, and are available, along with liquid
fertilizer injectors, at the Company's "e-store" catalog at
http://goldngro.com. The popular Silver Nevada Miner bars are
available at the Company's "e-store" catalog at
http://www.itromet.com.
VISIT OUR WEB SITE: http://www.itronics.com
("Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995: This press release contains or may contain
forward-looking statements such as statements regarding the
Company's growth and profitability, growth strategy, liquidity and
access to public markets, operating expense reduction, and trends
in the industry in which the Company operates. The forward-looking
statements contained in this press release are also subject to
other risks and uncertainties, including those more fully described
in the Company's filings with the Securities and Exchange
Commission. The Company assumes no obligation to update these
forward-looking statements to reflect actual results, changes in
risks, uncertainties or assumptions underlying or affecting such
statements, or for prospective events that may have a retroactive
effect.)
Contact: Paul Knopick 888-795-6336
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